i. Mr. R K Verma is appointed as new
Secretary in Railway Board of India.

ii. He has worked with various railways, including Southern,
North-East Frontier Eastern and Western comprising of Indian Railways Institute
of Civil Engineering.

UNION
RAILWAY MINISTER: SURESH PRABHU

3. RBI SAID TO BANK SET ASIDE
MORE FOR STRESSED LOANS

i. The Reserve Bank of India has directed commercial banks to
accelerate provisioning requirement for the existing stock of restructured
loans that are showing signs of stress.

ii. Banks have provided only 5 per cent for these restructured loans
but now the central bank has directed them to increase the provisioning by 2.5
per cent every quarter so that by March 31, 2017 provisioning reached the 15
per cent level.

iii. The central bank has given direction to support the RBI’s
drive to clean up banks’ balance sheets by March 2017.

4.SIACHEN AVALANCHE SURVIVOR LANCE NAIK HANAMANTHAPPA PASSED AWAY

i..
Lance Naik Hanamanthappa who had been battling for life at the Army’s Research
& Referral hospital passed away he was 33 years old only.

ii. Hanamanthappa belonged to a farming family in Betadur village
in Kundagol taluk of Dharwad district.

iii.He
was trapped inside an air pocket under 35 feet of snow and he was buried alive
in an avalanche on February 3.

5.RAILWAY MINISTRY LAUNCHES 3 IT ENABLED APPS

i.The
Union Ministry of Railways has launched 3 IT enabled apps to bring transparency
in Indian Railways and to promote Digital India initiative.